New Tax Rate Increases by .46 Percent

November 4, 2016

 

 

by Barbara O’Brien

Windham’s 2016 tax rate has been set by the New Hampshire Department of Revenue Administration, coming in with an overall increase of .46 percent –less than a half of one percent over 2015.  This computes to an increase of 10 cents per $1,000 assessed property valuation.

Windham Town Administrator David Sullivan has announced the new tax rate, which totals $21.82.  The 2015 tax rate stood at $21.72 per $1,000 assessed property valuation.  This equates to a $35 increase on a home valued at $350,000 for tax purposes and a $50 increase for property valued at $500,000 for taxation purposes.  Based on Windham’s latest equalization report, the median value home is $375,250, and the average home value stands at $407,569.

A breakdown of the 2016 tax rate is as follows:  Municipal $3.08 per $1,000 assessed property valuation (down from $3.35 last year); County $1.06 per $1,000 assessed property valuation (up by one cent from last year); Local Education $15.32 per $1,000 assessed property valuation (up from $15.02 last year); and State Education $2.36 per $1,000 assessed property valuation (up from $2.30 last year).

In 2014, the Windham tax rate was $24 per $1,000 assessed property valuation.  In 2013, it was $23.60 per $1,000 assessed property valuation.  In 2012, the tax rate was $23.05 per $1,000 assessed property valuation.

Residents will be receiving their 2016 tax bills shortly.  They will be due 30 days after the date of issue.  Overdue taxes carry an annual penalty of 12 percent.  For further information contact the Windham Tax Collector’s office at 603-432-7731.  The office is open Monday through Friday from 8 a.m. until 1 p.m. and Monday evenings from 4 to 7 p.m.